Are You Fully Taking Advantage of Low-Tax Investment Opportunities While Living in Singapore?
Many expats assume their financial structures back home can simply run on autopilot while they are overseas.
Unfortunately, that is a costly misconception.
We recently reviewed the portfolio of an Australian expat who had been living in Singapore for several years. She was completely unaware that her cross-border tax efficiency had slowly eroded over time, and worse, that she had built up a sizable US Estate Tax liability of over $1 million on the shares awarded by her employer.
After a thorough review, Ian Black, our Head of Pension and Planning, identified several outdated arrangements that were not optimal for her as a non-resident Australian.
The fix:
By restructuring her setup and realigning it with current cross-border regulations, we eliminated the tax leaks.
The Result
No US Estate Tax to worry about.
No tax on an annual basis, even if she moves back to Australia.
All gains will be completely free of tax in Australia in only 10 years.
The most surprising part?
She had never reviewed her structure since moving overseas.
Residency changes significantly impact your tax, investments, and retirement planning. The earlier you address these shifts, the more options you have to protect your wealth.
Is Your Cross-Border Structure Still Working for You?
If you would like Ian Black to review your current setup, you can book a complimentary consultation here.
